The invisible hand is mostly guided by:
A) costs of production.
B) quantity of goods and services sold.
C) market prices.
D) government intervention.
C
Economics
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If the Phillips curve represents a "structural relationship," then
A) the Phillips curve will be vertical in the long run. B) the trade-off between unemployment and inflation is permanent. C) the trade-off between unemployment and inflation holds only for the short run. D) the trade-off between unemployment and inflation holds in the long run, but not in the short run.
Economics
How is positive economics different from normative economics?
Economics